Sound advice, but ego, lack of leadership skills and his socialist views wont let him get out of the way!
That would probably be a winning campaign for any Rep or Ind candidate.
Reporter - “Mr. ______, what are your plans for job creation if elected President?”
“Get the hell out of the way.”
“Hey Obama, I know you and Bush bailed our asses out and kept our entire company from going bankrupt only due to unprecedented government intervention on the order of FIFTY BILLION DOLLARS (edit: the Fed also backed $300 billion in Citi debt too) after we completely fucked up and had no clue what we were doing with trillions of dollars in assets. But would you get the fuck out of the way and let us run our business our way? You government idiots never do anything right. You’re always harming us!”
Sincerely, Chairman of Citibank.
Fuck that guy. Talk about ungratefully biting the hand that feeds you.
“Hey Obama, I know you and Bush bailed our asses out and kept our entire company from going bankrupt only due to unprecedented government intervention on the order of FIFTY BILLION DOLLARS after we completly fucked up and had no clue what we were doing with trillions of dollars in assets. But would you get the fuck out of the way and let us run our business our way? You government idiots never do anything right. You’re always harming us!”
Sincerely, Chairman of Citibank.
Fuck that guy. Talk about ungratefully biting the hand that feeds you.
Man, you have a warped sense of history.
Bank CEO’s were forced by Hank Paulson to sign the one page term sheet granting them bailout money.
If those banks would have failed we would be in a hell of a lot better shape now, but instead we have a global zombie banking system that is going to collapse harder and with more devestating consequences than ever.
Hopefully, it will take that zombie EU nation with it!
If those banks would have failed we would be in a hell of a lot better shape now,
Maybe, but I doubt it. It would have been better to let every major banking institution and car manufacturer in the country go bankrupt all at the same time? If it makes you feel better about your world view though, feel free to claim it.
That’s kind of beside my point though. Citi was the single biggest benefactor of government intervention over the last 3 years. Period. They would have been bankrupt. No doubt about it.
And not to get TOO off topic, but that’s also not getting into the fact that Citi’s previous Chairman/CEO was instrumental in repealing Glass-Steagal immediately before he resigned as Treasury Secretary.
Or maybe, just maybe they cooked the numbers to look desperate while duping everyone into believeing they needed welfare, since Mr. obama was all about redistributing the wealth and they said stand in line folks - we’re first.
Citi got bailed out in October 2008 and January 2009. Feel free to look up who was President at the time and then rejoin the conversation.
It’s the job of these CEO’s and their immediate minions to bring products and services to market that people want to purchase. They’ve got to get out of their own way.
If those banks would have failed we would be in a hell of a lot better shape now,
Maybe, but I doubt it. It would have been better to let every major banking institution and car manufacturer in the country go bankrupt all at the same time? If it makes you feel better about your world view though, feel free to claim it.
That’s kind of beside my point though. Citi was the single biggest benefactor of government intervention over the last 3 years. Period. They would have been bankrupt. No doubt about it.
And not to get TOO off topic, but that’s also not getting into the fact that Citi’s previous Chairman/CEO was instrumental in repealing Glass-Steagal immediately before he resigned as Treasury Secretary.
Well, again, we could have dealt with the toxic assets on the banks balance sheets then, thus letting the bondholders take a loss or, as is now the case, we the taxpayers own that toxic shit via Fannie and Freddie.
So we haven’t eliminated the “bad bank” problem, we are simply letting it get bigger.
So yes, we would have been better off letting those banks fail, instead, we now have a ticking time bomb concentrated in two government entities that will have to be dealt with sooner or later.
TBTF = Even Bigger Disaster Later.
Okay. But again, that’s fairly irrelevant to the point of whether or not Citi is a bunch of asshats for whining about government intervention when they were the single biggest beneficiary of the biggest government intervention in US (world?) history.
I’m pretty sure those fart smellers in charge of them big companies could see the writing on the wall as to who the next POTUS was going to be. Like I said they just jumped to the front of the line. Well aware Mr. Bush saw it at the time too - as he owed his pocket fillers the entitlement to shove the barricades aside to let his crownies in first - so can I come back in the conversation.
Hard to believe you are in such an intellectual conversation if back in Oct of 2008 you couldn’t quite guess who the next POTUS would be.
If “CEO of Citibank” had read “CEO of BB&T” then you’d have a fantastic point. But you’re wrong on that one.
Ding, ding, ding. With the over/under at 2, whoever took the over on the number of posts before Chainpin uses the term “fiat money” is a winner.
Time for me to pay up as I thought it would be plastered all over this thread by now.
Ding, ding, ding. With the over/under at 2, whoever took the over on the number of posts before Chainpin uses the term “fiat money” is a winner.
Time for me to pay up as I thought it would be plastered all over this thread by now.
Wait a minute.
Where did I use that term?
Thats why whoever took the over wins. I thought for sure by your second post you would have used it.
I’m pretty sure those fart smellers in charge of them big companies could see the writing on the wall as to who the next POTUS was going to be. Like I said they just jumped to the front of the line. Well aware Mr. Bush saw it at the time too - as he owed his pocket fillers the entitlement to shove the barricades aside to let his crownies in first - so can I come back in the conversation.
Hard to believe you are in such an intellectual conversation if back in Oct of 2008 you couldn’t quite guess who the next POTUS would be.
This is jaw dropingly the stupidest post I’ve ever read.
So what you are saying is that Citi asked for handouts, and Bush agreed to give it to them…because they both knew Obama would be the Pesident and is the kind of guy who gives handouts.
…or maybe what you are saying is pure genius. Are you stating that everyone predicted that Obama would win, and that he’d be for redistributing wealth, so Bush and the big corps coluded to get their billions ahead of time? Maybe that was the plan for 8 years. “You know, some day someone’s going to come in and try to take our money, so we better spend the next year becoming extra wealthy. What do you say Mr. President? How about a nice fat handout?”
Sound advice, but ego, lack of leadership skills and his socialist views wont let him get out of the way!
http://www.cnbc.com/id/44409176
Yup, HMCM. Ol’ Juan Domingo Peron Obama automatically believes he’s the smartest man in the room wherever he goes. That’s a fatal flaw in a “leader,” especially a “leader” that’s sitting in the Oval Office. Or on the golf course, take your pick.
Aren’t both of your interpretations saying the same thing? Whether stupid or genius - I lean towards your second interpretation more - I have thrown this theory out there to much more inelligent, economically and politically sound persons than I - and yet have not faced much of a refute that the possibility is valid.
What might you do personally with your wealth - knowing that it would partially be taken from you and redistributed? Use it, hide it or hand it?
You would incur losses, and ask for more if the more was for the taking wouldn’t you? And you’d want your more before the next guy gets it?
It is both stupid and genius.
Sound advice, but ego, lack of leadership skills and his socialist views wont let him get out of the way!
http://www.cnbc.com/id/44409176
Yup, HMCM. Ol’ Juan Domingo Peron Obama automatically believes he’s the smartest man in the room wherever he goes. That’s a fatal flaw in a “leader,” especially a “leader” that’s sitting in the Oval Office. Or on the golf course, take your pick.
Is this supposed to be catchy? I did not know who this even was- you are connecting a leader in the 1940’s to Obama. Anything more recent?